BlackLine Customer - officeworks
Enhancing Efficiency & Reducing Manual Intervention

"I'm excited that I have a tool such as BlackLine because you can keep on improving it and adding more to it as well."

Celine Solomon, Financial Controller
officeworks

The Challenge

As a result of substantial business growth, Officeworks identified an increased demand for streamlined financial processes. Celine Solomon, financial controller, recognized the necessity for addressing critical pain points within the finance team, including accounts receivable allocation, bank matching, and international freight accounting.

Prior to implementing BlackLine, the accounts receivable allocation process at Officeworks was burdened with time-consuming manual tasks, leading to inefficiencies and potential inaccuracies. The manual reconciliation process proved to be error-prone and often led to delays in financial reporting. Additionally, the management of international freight accounting also lacked efficient tracking and reporting mechanisms, creating difficulties in monitoring and optimizing related expenses. These challenges impeded the ability of the finance team at Officeworks to keep pace with the growing demands of the expanding business.

Why BlackLine

Recognizing the need for a comprehensive solution, Solomon and her team at Officeworks meticulously constructed a business case for the implementation and adoption of BlackLine. This involved a detailed examination of their existing processes, ensuring that the solution would bring tangible value to the organization.

Within the first week of going live with BlackLine, Officeworks experienced a substantial improvement in their financial processes. The system's matching capabilities were instrumental in automating previously manual tasks. As a result, manual intervention was significantly reduced, enabling Solomon and her team to redirect their focus towards critical areas such as collections and optimizing cash flow.

The Results

Improved Matching: The platform's matching capabilities yielded immediate results, enhancing the accuracy and efficiency of financial processes at Officeworks.

Increased Focus on Value-Added Activities: With manual tasks streamlined, Solomon and her team can  concentrate on value-added activities, particularly around collections.

Enabled Continuous Improvement: Solomon and her team are excited about the potential for continuous improvement with BlackLine and have plans to explore BlackLine’s Journal Entry product next.

BlackLine Customer - officeworks
Industry

Retail

ERP

SAP

Region

APAC

Company Size

Midsize

Business Impact

Improved matching capabilities,

Increased focus on value-added activities,

Enabled continuous improvement


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